Ministry of Economy reviews achievements of 2012 and signs performance agreements for 2013

H.E. Al Mansoori, said, "This during a review of the ministry's 2012 achievements and the signing of the performance agreements for 2013 in the presence of His Excellency Mohammed Ahmed Bin Abdul Aziz Al Shehhi, Director General of the Ministry, and a number of assistant undersecretaries, directors and managers."

The Ministry was successful in enhancing international economic policy through various strategic activities that contributed to improved cooperation with several countries and exchange of ideas and knowledge in areas of mutual interest such as small and medium enterprises (SMEs).

Al Mansoori pointed out, "The Ministry had succeeded in strengthening relations with a number of countries, both regionally and globally, through joint economic committees aimed at exploring business opportunities and attracting investments into the country."

The Ministry worked on developing economic legislation in the country to build knowledge based economy, strengthening the SMEs and encouraging the youth to engage in this promising sector.

Al Mansoori stated, "The Ministry was mandated to issue and modernise laws and regulations to improve the business environment, industries and national imports according to best practices. He added that the Ministry worked on offering high-quality services, encouraging the inflow of investments, protecting consumers, and enhancing economy diversification, led by national cadres."

Al Shehhi said, "The development of SMEs was among the Ministry's priorities, pointing out that several initiatives and programmes were launched to improve this growing sector. He added the Ministry had put in all efforts to enhance the position of the country as a global investment hub."

He said, "The Ministry was keen to enhance consumer protection and intellectual property practices, encourage auditing and commercial registration, and tackle commercial fraud."

Al Shehhi affirmed, "The Ministry's commitment to raise the efficiency of corporate performance, enable national capabilities and develop human resources." "The Ministry will adopt the Emiratisation policy, offer excellent services, and enhance coordination and communication with its staff, he added.